TaxPanacea

What is an audit?

If the IRS suspects that a tax return might be inaccurate, whether it is intentional or not, they may decide to take a closer look to ensure that the mistake is fixed and that they get the money they are owed. Don’t panic though, they do not audit every return that may have an error, that would be impractical and unfeesable for them to do. They tend to go after the bigger cases which deal with tax evasion.